June 27 (Cointime) - Robinhood Markets and Celsius are set to sell off Cardano (ADA), Solana (SOL), and Polygon (MATIC) cryptocurrencies. Robinhood will sell these assets on June 27th, while Celsius will gradually liquidate its holdings starting July 1st. This move comes after Robinhood announced the end of support for these cryptocurrencies due to the US SEC lawsuits against Binance and Coinbase. Robinhood is also laying off 150 employees, or 7% of its workforce, due to reduced trading volume. The prices of ADA, SOL, and MATIC have dropped since these announcements.
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